CBOT markets were mixed to end the week with wheat and soybeans finding strength while corn quietly traded sideways. The ongoing harvest that now faces better (i.e., dry and cold) weather for the next seven days should accelerate cash grain sales. The U.S. and China are apparently making continued progress on a trade deal, with China’s state-owned news agency today reporting that the countries “conducted serious and constructive discussions” on the remaining issues. Later this afternoon, the USTR said that progress is being made and that talks with China will continue “at the deputy level”. The weekly CFTC data shows that, through Tuesday, funds were net long soybeans and soyoil while bull spreadi...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.